Most of these recently sprung up small parties say that they fight elections out of "passion" and financial losses suffered by them mean little. Some are even running door-to-door campaigns to raise funds for election campaigns.
Some of the parties, which have recently mushroomed in the run-up to Lok Sabha polls, include Vishva Shakti Party, Braj Vikas Party, Bharat Vishal Party, Poorvanchal Rashtriya Congress, Samyak Parivartan Party and Bharatiya Sarvodaya Kranti Party.
Many of them claim to be active in politics for years now, while some have pulled up their socks and are vying for Lok Sabha seats for the first time in 2014.
Their budgets may be small, but that hasn't stopped them from taking on the big-wigs of the political arena.
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Hitherto unknown Jai Maha Bharat Party which has no specific budget of its own, has fielded its candidate Mohd Afaq against Union Law and Telecom Minister Kapil Sibal and BJP's Delhi unit chief Harsh Vardhan from Chandni Chowk area.
These small parties and candidates, however, admit their chances of winning are feeble. They maintain that it's the "passion and determination" to change the society that keeps them in the poll fray.
"I know that I can't win the election, not at this stage at least. But I will try to make a difference. I am also well aware of the financial loss I will undergo. But at least I will be able to influence a handful of people," Afaq said.
32-year-old Ahmed, who is eyeing the East Delhi constituency, is up against Sandeep Dikshit (Congress), Mahesh Girri (BJP) and Rajmohan Gandhi (AAP), among others.